M&A Deal Summary

Ricoh Acquires Graycon Group

On June 29, 2015, Ricoh acquired information technology company Graycon Group from Cordy

Acquisition Highlights
  • This is Ricoh’s 2nd transaction in the Information Technology sector.
  • This is Ricoh’s 1st transaction in Canada.
  • This is Ricoh’s 1st transaction in Alberta.

M&A Deal Summary

Date 2015-06-29
Target Graycon Group
Sector Information Technology
Buyer(s) Ricoh
Sellers(s) Cordy
Deal Type Divestiture

Target

Graycon Group

Calgary, Alberta, Canada
Graycon Group, Inc. is an Information Technology (IT) consulting firm that specializes in the design, implementation, security, and support of all IT infrastructure, cloud and networking systems.

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Buyer(S) 1

Buyer

Ricoh

Tokyo, Japan

Category Company
Founded 1936
Sector Technology Hardware
Employees78,665
Revenue 2.53T JPY (2025)
DESCRIPTION

Ricoh is a global technology company specializing in office imaging equipment, production print solutions, document management systems and IT services. Ricoh was founded in 1936 and is based in Tokyo, Japan.


DEAL STATS #
Overall 7 of 17
Sector: Information Technology M&A 2 of 7
Type: Divestiture M&A Deals 2 of 3
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-09 MarcomCentral

Solana Beach, California, United States

PTI Marketing Technologies, Inc. is a provider of online print solutions to commercial and digital print service providers, ad agencies and direct marketing companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-08 Anajet

Costa Mesa, California, United States

Anajet LLC is a designer, innovator and manufacturer of proprietary direct-to-garment digital inkjet printer systems and consumable ink cartridges for the commercial apparel decoration and promotional product industries.

Buy -

Seller(S) 1

SELLER

Cordy

Calgary, Alberta, Canada

Category Company
Founded 1998
Sector Environmental
Employees406
Revenue 19M CAD (2020)
DESCRIPTION

Cordy provides construction and environmental services. Cordy was founded in 1998 and is based in Calgary, Canada.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-04 Hartwell Oilfield

Stettler, Alberta, Canada

Hartwell Oilfield Ltd. specializes in the drilling industry with vacuum and water trucks.

Buy -